April, 2018

• 8 April

  Sharjah Ruler issues law on social security

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a law on social security in the Emirate of Sharjah, setting the retirement age at 55 years for females and 60 years for males. Law No. 5 of 2018 stipulates that the age of the insured shall not be ...

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• 8 April

  ECSSR to host lecture on Georgia-UAE partnership

  Abu Dhabi / WAM The Emirates Centre for Strategic Studies and Research (ECSSR), will organise a lecture entitled ‘The Georgia-UAE Partnership: Creating a Shared Future in an Inconsistent World’, on April 10, at the Sheikh Zayed bin Sultan Al Nahyan Hall at the ECSSR headquarters in Abu Dhabi. The lecture, which will be delivered by President Giorgi Margvelashvili of Georgia, ...

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• 8 April

  Cabinet okays AED11 billion social assistance for low-income Emiratis

  

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that meeting the needs of the society, particularly social welfare and social services, is essential for the stability of societies and peoples. His Highness also emphasised that paying attention to citizens’ demands is one of ...

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• 8 April

  ADFD extends AED110 million concessionary loan to Mali

  

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended a concessionary loan of AED110 million ($30 million) to the Government of Mali to support its National Social Housing Programme. HE Mohammed Saif Al Suwaidi, Director General of ADFD, and HE Dr Boubou Cisse, Malian Minister of Economy and Finance, ...

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• 8 April

  UAE leads Arab world in FDI: Al Mansouri

  

  Abu Dhabi / Emirates Business The UAE, the second biggest Arab economy, is leading the Arab World in attracting Foreign Direct Investment (FDI). In 2016, the UAE attracted 29 percent of the total FDI inflow in to the Arab World, Sultan bin Saeed Al Mansouri, UAE Minister of Economy, told the media in an interview ahead of the Annual Investment ...

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• 8 April

  Dubai issued 1,844 new licences in March

  

  DUBAI / WAM The Department of Economic Development (DED), in Dubai witnessed increasing business registration and licencing activities during the month of March 2018, reaffirming the emirate’s position as a preferred place for business start-ups and expansions. According to the ‘Business Map’ digital platform of DED, more than 26,410 business registration and licencing (BRL), transactions were completed in March, compared ...

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• 8 April

  Khorfakkan receives largest containership

  

  SHARJAH / WAM For the first time in the region, the Khorfakkan Container Terminal (KCT) received on Saturday, the CMA CGM ANTOINE DE ST EXUPERY, France’s largest containership. The Vessel docked at the Port and about seven thousand containers were unloaded. Tariq Al Hammadi, Director of Security and Administrative Affairs at Khorfakkan Port, said the French ship had landed at ...

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• 8 April

  Hundreds apply for Fikra Labs acceleration programme

  

  ABU DHABI / WAM Registration for Fikra Labs, an acceleration programme aimed at driving innovation and fostering entrepreneurship in the Abu Dhabi travel and tourism sector, has officially closed and the selected startups are now embarking upon a four-week incubation programme. Launched in early February as part of the UAE Innovation Month, the programme was led by four of Abu ...

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• 8 April

  Trump tweets toy with stocks as trade bluster shakes Wall Street

  

  Bloomberg Donald Trump’s got the stock market on a string, but investors are less sure of the game he’s playing. The Republican president’s renewed ramblings on trade dominated US equity markets this week, with a tweet-induced swoon on April 6 leaving the S&P 500 Index 1.4 percent lower than where it started on Monday. The gauge swung wildly, notching four ...

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• 8 April

  Saudi stock market up, Kuwait rebounds

  

  Reuters The Saudi Arabian stock market remained in positive territory on Sunday after rebounding late last week from several days of profit-taking, while a pullback by two blue chips dragged down Abu Dhabi. The Saudi stock index closed up 0.2 percent. Food and beverage company Almarai added 3.5 percent after announcing first-quarter net profit of 344 million riyals ($91.7 million) ...

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